Apartment Building in Fukuoka

ID: I0061685　VOLARE AQUA PLACE

Price: JPY520,000,000　Expected yield: 4.84％

Located in the eastern part of Chuo Ward, Fukuoka City, to the south of Watanabe Dori. To the east, it borders Hakata Ward across the Naka River. Sumiyoshi Dori runs to the north, Nichi-ka Dori to the west and Hyakunenbashi Dori to the south. Along Sumiyoshi-dori on the north side are commercial facilities such as the Sunny Watanabe-dori supermarket and the Kiyokawa Sun Road shopping street, which are very busy. On the Nichi-ka-dori side of the street, Fukuoka Broadcasting Co. and FM Fukuoka moved to newly built company buildings from Sunserco in 2005 and from the Kyushu Electric Power Company headquarters building (commonly known as the Denki Building Annex) on Watanabe-dori, respectively, in 2008. One step down the alleyway and you find yourself in a quiet residential area.
 

Two rooms are currently vacant, the others are occupied. The GOI (assumed yield on full occupancy) is 4.84%.
The property is well located and can be expected to generate stable income in the long term.